PPP Archives - BeachFleischman CPAs

PPP application deadline extended

March 30, 2021 Tax Department COVID-19, Tax Bites ARPA, CAA, CARES, COVID-19, PPP, PPP Extension Act of 2021, PPP Loans, SBA

Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the latest on the popular loan program.

The American Rescue Plan Act has passed: What’s in it for you?

March 11, 2021 March 18, 2021 Tax Department COVID-19, Tax Bites American Rescue Plan, ARPA, CAA, CARES, child tax credits, COVID-19, economic relief, ERTC, PPP

The latest COVID-19-related stimulus bill, the American Rescue Plan Act, has now passed. How can you benefit?

PPP adjusted to prioritize very small businesses

March 4, 2021 March 10, 2021 Tax Department COVID-19, Tax Bites CARES, COVID-19, Paycheck Protection Program, PPP, SBA, small business

The Paycheck Protection Program has undergone some notable changes recently as the Small Business Administration and Biden administration seek to give very small businesses easier access to loan funds.

How can your business benefit from the Consolidated Appropriations Act?

January 14, 2021 Tax Department COVID-19, Tax Bites CAA, COVID-19, employee retention credit, PPP, PPP2

How can your business benefit from the Consolidated Appropriations Act of 2021?

Need another PPP loan for your small business? Here are the new rules

January 6, 2021 February 2, 2021 SOAR COVID-19, SOAR CAA, CARES, PPP, PPP Loan Forgiveness

Could your small business use another cash infusion from the Paycheck Protection Program? The new COVID-19 relief law makes this a distinct possibility if you qualify.

Closing 2020 with Some Good News

January 5, 2021 March 8, 2021 Eric Freeman COVID-19 CAA, CARES, COVID-19, PPP, PPP Loan Forgiveness

Paycheck Protection Program Corrections and Additional Funding Many industries were severely impacted by the COVID-19 pandemic, and real estate was no exception. Leases and loans were renegotiated, rents were deferred or reduced and some tenants went out of business. Congress passed the Paycheck Protection Program (PPP) as part of the CARES Act, and while good[ … ]

COVID-19-Related Relief is Signed into Law

December 29, 2020 February 2, 2021 Tax Department COVID-19, Tax Bites CAA, CARES, COVID-19, COVIDTRA, PPP, tax credits

On December 27, President Trump signed the Consolidated Appropriations Act of 2021 (CAA), which provides pandemic relief, as well as other tax and health-related provisions.

M&A: Considerations for PPP Loans

September 11, 2020 September 19, 2020 CariAnn Todd COVID-19 acquisitions, COVID-19, ERTC, mergers, PPP, PPP Loans, SBA

Do you have a business that received a PPP loan and now you are considering a change in ownership, like a sale, purchase of a competitor or even adding a new partner? There are several different things that need to be considered before any transaction in order to preserve your ability to get PPP loan forgiveness. Here are the questions you should be asking before you sign on the dotted line.

Latest PPP FAQ Document Provides Clarity on Some Aspects of Forgiveness

August 12, 2020 September 22, 2020 Dave Iaconis and CariAnn Todd COVID-19, Tax Bites COVID-19, loan forgiveness, payroll costs, PPP, SBA

The Small Business Administration (SBA) and Treasury released an updated Paycheck Protection Program (PPP) FAQ on Aug. 4 in an effort to address PPP loan forgiveness issues that have arisen as borrowers begin to complete their applications. The 23 FAQs address various aspects of PPP forgiveness including general loan forgiveness, payroll costs, non-payroll costs, and[ … ]

SBA Issues Update First PPP Interim Final Rule Following PPP Flexibility Act

June 22, 2020 November 5, 2020 CariAnn Todd COVID-19 COVID-19, Paycheck Protection Program, PPP, PPPFA, SBA

On June 10, 2020, the Small Business Administration (SBA) issued an updated interim final rule for the Paycheck Protection Program (PPP) in response to the PPP Flexibility Act passed on June 5, 2020. The updated guidance accounts for revisions made to the covered period, usage of funds changes, extended safe harbors, and more. Here is[ … ]

Tag: PPP